Agenda item

The Board received a report of the Remembrancer regarding the Charities (Protection and Social Investment) Bill. Members noted that the Bill proposed greater powers for the Charity Commission to address misconduct by trustees, and gave charities new power to make social investments. Members also noted that the Bill did not apply to charities established by Royal Charter or by legislation, and Bridge House Estates monies were, therefore, exempt. In terms of the City Bridge Trust, the Chief Grants Officer advised the grant application process would be reviewed in light of these changes to ensure all appropriate information was requested and being considered.

RESOLVED – That the report be noted.